Tag: royalties

Oil royalties fell by 21 % in the first nine months of 2020 – Romania, 20 November 2020

Director General of the National Agency for Mineral Resources (ANRM) Sorin Gal said that, in the first nine months of 2020, oil royalties fell by 21 %, primarily due to declining oil prices. Speaking at the oil and gas conference, Gal said that the drop was especially massive in March and April, Full article available […]

Romania considering taking in-kind royalties from oil and gas companies – Romania, 22 January 2020

Romanian Government is considering amending the oil and gas law in order to accept in-kind royalties from oil and gas companies for the concession contracts, at least for the offshore perimeters. The state could use the natural gas thus obtained for supplying vulnerable consumers or state-owned c Full article available for subscribers of Energy NEWS […]

Oil royalties paid by OMV Petrom increased by 4 % due to new regulations – Romania, 02 August 2019

CFO of Romanian oil and gas company OMV Petrom Alina Popa said that the oil royalties paid by the company increased by about 4 % as a result of a new regulations published in May, linking the reference price to Brent oil, with some quality adjustments. Regarding the reference price for natural ga Full article […]